Stora Enso shares converted and North American stock options exercised
Helsinki 10/16/2005 10:00 PM GMT (TransWorldNews)
During the 1 - 30 September 2005 conversion period there was one conversion and a total of 10 000 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 17 October 2005, and trading in the new R shares will start on 18 October 2005.
Breakdown of shares after conversion:
A shares - 178 161 841
R shares - 634 815 258
Total - 812 977 099
Stora Enso North America Option Programme
Following the acquisition of Consolidated Papers, Inc. the Board of Directors decided to convert the Consolidated Papers' share option plans into Stora Enso share option plans. During September 2005 a total of 869 R shares were subscribed against North American stock options. These R shares were previously held by the Company.
After the subscription the Company holds:
A shares - 38 600
R shares - 24 376 911
For further information, please contact:
Ulla Paajanen-Sainio, Vice President, Investor Relations and Financial Communications,
tel. +358 2046 21242